New California Law Forces Publicly Traded Companies to Have Women on Board of Directors

Carbonatix Pre-Player Loader

Audio By Carbonatix

California has become the first state in the country to force companies to include women on their boards of directors.

The Washington Times reports over the weekend Democratic Gov. Jerry Brown approved legislation that requires publicly traded California-based corporations to include at least one woman on their board by 2020.

By 2021, that number goes up to at least two for companies with five board members and three for companies with six directors. 

The California Chamber of Commerce has argued that the make-up of corporate boards should not be mandated by government.

The chamber says the new law will prioritize gender over other aspects of diversity.

Governor Jerry Brown admits the law has flaws that could prevent it from being implemented. 

Corrie O'Connor

 

Trending Videos

Salem News Channel Today

Sponsored Links

Trending Videos

On Air & Up Next

  • Plan Your Estate Radio
    2:00PM - 3:00PM
     
    Many Americans do not have an estate plan, which means when they die, the   >>
     
  • Investor's Edge
    3:00PM - 4:00PM
     
    Gary Kaltbaum is a hard hitting and pull-no-punches host especially when it   >>
     
  • InvestTalk with Justin Klein and Luke Guerrero
     
    InvestTalk™ serves as your go-to educational platform to delve into the   >>
     
  • New Focus on Wealth
    5:00PM - 6:00PM
     
    Each day Rob Black and CFP Chad Burton will filter through the “noise” on Wall   >>
     
  • Plan Your Estate Radio
    6:00PM - 7:00PM
     
    Many Americans do not have an estate plan, which means when they die, the   >>
     

See the Full Program Guide